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Hong Kong Stocks Open Higher: Hang Seng Up 1.08%, Tech Index Gains 1.59%

Hong Kong stocks opened higher, with the Hang Seng Index up 1.08% at 24,321.45 and the Hang Seng Tech Index rising 1.59%. MINIMAX gained 4%, while Iluvatar CoreX, NIO and Tencent Music each climbed more than 3%.

Original source

AI take

The outsized move in the tech index relative to the broader Hang Seng points to a concentrated bid for growth and AI-linked names rather than a broad risk-on rotation — MINIMAX and Iluvatar CoreX sit in that category, while NIO and Tencent Music suggest the buying extends into consumer-facing platforms too. For RWA and crypto-adjacent readers, the read-through is limited but worth noting: Hong Kong's equity tape remains the closest listed proxy for mainland sentiment toward tech and digital assets. Whether the tech index keeps outpacing the main board, or hands leadership back, is the open question.

Generated by AI for reference only.

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